In recent months, having been encouraged by the state, millions of ordinary Chinese have put themselves at risk of losing everything by gambling in the stock market. The catastrophic results are unfolding daily. Actually, since its inception, China’s stock market has been under the control of the Communist Party of China (CPC) that has regarded the market as a kind of “ATM” for filling the coffers of state-owned enterprises (SOEs) and lining the pockets of their CEOs, while draining the savings from small speculators.

The seventh round of U.S.-China Strategic and Economic Dialogue started when the relationship between the two countries is at the tipping point. Statements from both sides underscored the respective characteristics of their foreign policy: U.S. policy toward China is unstable, whereas China's US policy shows considerable signs of consistency and continuity.